SYS Holdings Co., Ltd. (JASDAQ:3988) agreed to acquire MagnaSystem Inc. from Moriyu Kubota and Takaomi Hanada on January 20, 2022. Prior to completion, Moriyu Kubota holds 90% stake and Takaomi Hanada holds 10% stake in MagnaSystem. Upon completion, SYS Holdings Co. will hold 100% stake in MagnaSystem and make it a subsidiary. The net assets, sales, ordinary profit and net profit of MagnaSystem for the fiscal year ended March 2021, were ¥36.79 million, ¥101.52 million, ¥12.25 million and ¥8.79 million, respectively. The transaction is expected to close on May 2, 2022. The acquisition of shares will have a minor impact on consolidated financial results for the fiscal year ending July 2022.

SYS Holdings Co., Ltd. (JASDAQ:3988) completed the acquisition of MagnaSystem Inc. from Moriyu Kubota and Takaomi Hanada on May 2, 2022. The current management consists of Moriyuki Kubota, Representative Director, President and Executive Officer; Takaomi Hanada, Director; Masakazu Araki Executive Officer of the Company Org Co., Ltd. President and Representative Director; Junichi Arai Executive Officer of the Company Executive Officer of Swai System Co., Ltd. General Manager of Kanto Business Headquarters;